What to watch today

At 8:30am ET, we’ll get the October producer price index (PPI), which is expected to have increased by 0.2% month-over-month or 2.5% year-over-year. Excluding food and energy, core PPI is expected to have climbed by 0.2% and 2.3%, respectively. Meanwhile, the University of Michigan’s consumer sentiment index is expected to have slipped to 98 in November from 98.6 a month ago.

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(AP Photo/Evan Vucci, File)

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="A big fight is coming over Trump’s tax returns: Democrats seem to think a door has opened that will allow them to walk into the Internal Revenue Service, ask politely for President Trump’s tax returns, and walk out with a huge pile of documents Trump will no longer be able to keep private. Fat chance. [Yahoo Finance]” data-reactid=”54″>A big fight is coming over Trump’s tax returns: Democrats seem to think a door has opened that will allow them to walk into the Internal Revenue Service, ask politely for President Trump’s tax returns, and walk out with a huge pile of documents Trump will no longer be able to keep private. Fat chance. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="It’s the end of an era for Fed communications: On Thursday, theFederal Reserve kept interest rates unchangedin a range of 2%-2.25%. Following this policy announcement, Fed Chair Jay Powell did not meet with reporters to answer questions on the thinking behind the Fed’s decision. Markets, ultimately, were little-changed. There was little for investors to glean from Thursday’s news. But this era — where some Fed meetings come and go with little fanfare because of limited communication from the central bank — comes to an end. [Yahoo Finance]” data-reactid=”55″>It’s the end of an era for Fed communications: On Thursday, theFederal Reserve kept interest rates unchangedin a range of 2%-2.25%. Following this policy announcement, Fed Chair Jay Powell did not meet with reporters to answer questions on the thinking behind the Fed’s decision. Markets, ultimately, were little-changed. There was little for investors to glean from Thursday’s news. But this era — where some Fed meetings come and go with little fanfare because of limited communication from the central bank — comes to an end. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="U.S. crude oil enters bear market: Oil prices are on the decline. U.S. West Texas Intermediate crude (CL=F) fell for the ninth straight session Thursday, the longest sequential decline since July 2014. Prices for the WTI December 18 futures contract fell 1.62% to $60.67 Thursday, or the lowest closing price since March. Domestic crude closed in bear market territory, down more than 20% from an October 3 closing high of about $76 per barrel. [Yahoo Finance]” data-reactid=”56″>U.S. crude oil enters bear market: Oil prices are on the decline. U.S. West Texas Intermediate crude (CL=F) fell for the ninth straight session Thursday, the longest sequential decline since July 2014. Prices for the WTI December 18 futures contract fell 1.62% to $60.67 Thursday, or the lowest closing price since March. Domestic crude closed in bear market territory, down more than 20% from an October 3 closing high of about $76 per barrel. [Yahoo Finance]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="P&G restructures operations: Procter & Gamble Co. (PG​) on Thursday announced the creation of six business units for its largest geographic markets, its biggest organizational change in the last 20 years that will be effective from July next year. [Reuters]” data-reactid=”57″>P&G restructures operations: Procter & Gamble Co. (PG​) on Thursday announced the creation of six business units for its largest geographic markets, its biggest organizational change in the last 20 years that will be effective from July next year. [Reuters]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="SEC to review corporate democracy rules: The U.S. Securities and Exchange Commission is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues like climate change and gun violence. [Reuters]” data-reactid=”58″>SEC to review corporate democracy rules: The U.S. Securities and Exchange Commission is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues like climate change and gun violence. [Reuters]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.” data-reactid=”66″>The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.